AWE Diaspora Sacco will be hosting its first AGM
*Only for members*
13th June 2021
18:00 EAT / 17:00 CET / 16:00 UK
1. Ratification of current interim board members.
2. Authorization of AWE Diaspora Sacco to carry on specified non-deposit taking business
under SASRA (SACCO SOCIETIES REGULATORY AUTHORITY)
3. Election of Supervisory committee
Thank you all for believing in our vision . Application for membership are still open
All Members will receive their certificate on the day
On behalf of
Board of Directors
*Learn more about AWE Diaspora SACCO TOMORROW *
All Kenyans in Europe, women and men, are invited to the FREE Info day
📌 What are the advantages of joining a SACCO
📌 How you can benefit as individual and as a group
📌 The benefit of regulators (SASRA )
If you have these questions or curious to learn more, join us TOMORROW
Date: 20th May 2021
Time: 19:00 CET / 20:00 EAT/18:00 UK
Register in advance for this meeting:
Meeting ID: 867 8179 5477
After registering, you will receive a confirmation email containing information about joining the meeting.
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We are honoured to invite you, all AWE Kenyan members in Europe and Entrepreneurs in Kenya, to join us during the launching of this Noble initiative of creating wealth and investing collectively to support entrepreneurs in Kenya.
💫Our vision is to drive economic development, poverty eradication, and job creation by being the most trusted investment and financial solutions provider for Kenyan entrepreneurs.
💫Our MISSION is to mobilise savings, provide affordable credit and optimise returns through customised products that meet member needs.
These core values set the norms that will guide the Society’s operations and reflect its culture and attitude in its relationships with all Stakeholders.
For any questions, please email us at email@example.com
📌OFFICIAL AWE DIASPORA SACCO LAUNCH INVITATION 🏦
👉🏾Date: 5th April 2021
👉🏾Time : 15:00 CET / 14:00 UK / 16:00 EAT
REGISTER TO JOIN THE LAUNCH HERE
There are over 3 million Kenyans living in diaspora with the bulk living in USA and Europe. The World Bank projected that Kenyans in Diaspora would remit a total of USD 2.9 Billion in 2020. However, Central Bank figures placed total inward remittances by Kenyans in Diaspora at USD 3.09 Billion. The World Bank however projected a decline in 2021. The Central Bank however acknowledges that they are only able to account for remittances sent using formal banking and money transfer services. Consequently, there is a high possibility that total remittances were well over USD 3 Billion. Kenyans living in Europe remitted the equivalent of over USD 500 Billion compared to those living in America who remitted over USD 1.7 Billion.
Kenya Vision 2030 recognizes Diaspora contribution as a major enabler to the growth of Kenya’s economy and critical factor in the achievement of our overarching vision of a globally competitive and prosperous Kenya by the year 2030. Kenya Diaspora Policy 2014 recognized the need to curb the high cost of remittances, improve consular services to address issues of Kenyans abroad, using the Kenyans abroad to promote tourism, tapping into diaspora talents for purposes of proper planning and engagement. It also recognizes the need to create awareness for Kenyans Abroad on the investment opportunities available in different sectors of the economy as well as create an incentive framework to promote Diaspora investments.
There are official statistics about the Sacco movement amongst Kenyans in diaspora. However, according Business Daily Africa, there are approximately 10 Saccos targeting Kenyans in Diaspora with three in the USA, one in the Middle East and several in Europe. The main ones include Kenya USA Diaspora Sacco, Kenya North America Diaspora Sacco and Kenya UAE Diaspora Sacco. Since Kenya USA Diaspora Sacco was registered in 2012, the government has recognized the potential of Diaspora Saccos especially due to the high levels of disposable income amongst Kenyans living in diaspora and has placed them under supervision of Sacco Societies Regulatory Authority (SASRA). AWE Diaspora Sacco can take advantage of the opportunities presented by the foregoing and dominate the European Market.